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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Merely that the assessee followed cash system of accounting does ...


Cash System Accounting: Advance Not Automatically Income; CIT(A) Addition Deleted.

January 29, 2014

Case Laws     Income Tax     AT

Merely that the assessee followed cash system of accounting does not mean that any sum received as advance for his future use becomes his income - The addition made by CIT(A) deleted - AT

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